Cloud-based Enterprise Resource Planning (ERP) Market Scope
Enterprise resource planning is a business application, which is useful for enterprises to integrate their business functionalities to achieve high efficiency and productivity. cloud-based deployment platform has given a significant boost to the enterprise application software during the last few years. Furthermore, it focuses on the adoption of cloud-based ERP in various industry verticals such as manufacturing, healthcare, retail, government, BFSI, telecom, and others.
The market study is being classified and major geographies with country level break-up.
With advancements in technology like big data, predictive analytics, players in the market are focusing on offering advanced ERP solutions to compete effectively in the market. With the rise in data generated from ERP systems, big data analytics and predictive analytics are being used to simplify data extraction and data analytics, which helps in forecasting and scheduling. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud-based Enterprise Resource Planning (ERP) market throughout the predicted period.
IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Infor (United States), Aptean (United States), Microsoft (United States), Sage Group Plc (United Kingdom), Epicor Software Corporation, Syspro (South Africa) and Unit4 (Netherlands) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Cloud-based Enterprise Resource Planning (ERP) market by Type, Application and Region.
On the basis of geography, the market of Cloud-based Enterprise Resource Planning (ERP) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- The rapid growth in demand for cloud ERP in industries such as healthcare, retail, education, and telecom
- Rising on-demand access to computing services
- High demand due to Low cost, greater reliability, adoption of cloud-based services with integrated business management
- Increased penetration of new technology solutions within organizations
- Advancements in technology such as internet of things (IoT), big data analytics, smart wearables, artificial intelligence (AI)
- The adoption of IoT increases, the data generated by IoT devices would also increase exponentially.
- Technological Complexities regarding Cloud-based Enterprise Resource Planning (ERP)
Key Target AudienceCloud-based Enterprise Resource Planning (ERP) Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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